Unicoin / Motion to Dismiss

Hi First name,

Thank you for your interest in Unicoin!

Yesterday, we filed with the court our Motion to Dismiss the SEC lawsuit against Unicoin.
By necessity, the Motion addresses all individual “trees” in the forest of the SEC lies. The big picture is quite simple, however:
  • At the peak of his notorious War on Crypto, the then-SEC Chairman Gary Gensler reportedly saw the Unicoin logo highly visible in Manhattan.
  • Our listing on the New York Stock Exchange would mean a humiliating defeat of his anti-crypto crusade. So he ordered his anti-crypto enforcers to prevent it from happening.
  • In May 2024, they sent a barrage of subpoenas to our investors, brokers, lawyers, auditors, bankers, and vendors, deliberately disrupting important relationships.
  • Just like during both preceding investigations, the SEC investigators found no violation in our work. So, they crudely fabricated false “fraud” charges. (It was clear that regular policy-based charges would not survive much beyond President Trump’s Inauguration.) 
  • Gensler’s enforcers did not expect us to contest their false charges. They believed that we’d settle, giving them an easy victory. Over 90% of SEC civil enforcement actions are resolved by settlement (consent decrees, consent judgments, or negotiated resolutions), as it’s very costly and hard to litigate with the government.  For context, the SEC’s case against Ripple lasted five years, cost Ripple $150M in legal fees, and was ultimately resolved through political decisions rather than a court judgment.
  • I publicly refused to engage in settlement talks with the SEC, as I made it my life position not to yield to corrupt government officials who are committing fraud on the court. In fact, I’ve won all five of my previous lawsuits against the U.S. government, as discussed in many news reports and my book “Defiance: How to Succeed in Business Despite Being Hounded by the FBI, the KGB, the INS, the Department of Homeland Security, the Department of Justice, Interpol, and Mafia Hit Men”, see DefianceTheBook.com 
  • My principled position against corruption cost me my native country. I became the first person to be granted asylum in the United States from post-Soviet Russia on political grounds. “Based on the testimony and evidence .., the Court finds that [the Russian government] engineered the case against [Konanykhin] in order to secure his return to Russia. [The Russian government] wanted [Konanykhin] returned to Russia in order to punish him for exposing corruption amongst Russian government and business officials.” ruled Immigration Judge John Milos Bryant. 
  • I welcome scrutiny of this case by the media, the public, legislators, and the Administration. I’m confident that any independent reviewer will see that Unicoin has been the most compliant crypto company in the USA (the only audited and publicly reporting one which passed two exhaustive SEC investigations with no violations found) and that the false accusations against us brought by Gensler’s SEC is another example of their gross abuses of power which resulted in 18 states suing the SEC for such violations.
  • The relentless persecution of Unicoin by Gensler’s henchmen inflicted multi-billion-dollar damages to Unicoin investors. We would likely be a NYSE-listed company worth over $25B by now if not for their efforts to destroy Unicoin for seeking to become the first publicly traded cryptocurrency company in the USA in full compliance with the law.
  • I applaud the efforts of the new SEC Chairman to undo the damage to the crypto industry inflicted by his predecessor, and I hope that Unicoin will contribute to President Trump’s efforts to turn America into the Crypto Capital of the World.  

(Excerpt)
With very best wishes,
Alex Konanykhin 
CEO,  Unicoin Inc.
Linkedin.com/in/konanykhin 
Konanykhin.com
Unicoin.com
1 World Trade Center 
85th Floor 
New York, NY 10007

P.S.: My updates focus on our journey towards becoming a publicly-traded company and on our efforts to turn our Unicoin into a major cryptocurrency. These updates are not intended to serve as financial advice or to replace our official reports filed with the SEC. Please note that I cannot possibly answer all the questions myself, so your response to this message may be processed by members of our Investor Relations team. “Unicoin USA” term is occasionally used for Unicoin Inc., a Delaware corporation.  My past updates can be found at u.site/updates 

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